Assets of governmental-type funds include cash and investments, but not capital assets true.
Any type of property owned by an assessee, whether or not it is related to their business or line of work, is included in the definition of a capital asset. b) Any securities held by a FII that has purchased them in line with the SEBI Act of 1992's requirements.
The two types of capital assets are LTCAs (Long-Term Capital Assets) and STCAs (Short-Term Capital Assets). Assets held for a lengthier time than the recommended holding term are referred to as LTCAs. STCAs are assets that are held for a shorter period of time than the required holding term.
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